Portable Ultrasound Devices Market 2020: Global Size, Share, Industry Growth, Latest Trends, Competitive Landscape And Industry Overview

Portable Ultrasound Devices Market - By Segments (Mobile Ultrasound Devices And Handheld Ultrasound Devices), By End User (Cardiovascular, Obstetrics / Gynecology, Gastro, Musculoskeletal And Point Of Care / Others), And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global portable ultrasound devices market was valued at $3,036.0 million in 2018, having grown at a compound annual growth rate (CAGR) of more than 21% since 2014. The market is expected to grow at a CAGR of 22.6% to nearly $6,856.2 million by 2022.

The Key drivers of the portable ultrasound devices market during 2014-2018 include:
Increased Size Of The Aging Populations - During the historic period, increased size of the aging populations drove the demand for portable ultrasound devices. Advances in healthcare and life-saving technologies improved the overall life expectancy of the global population. During 2014-2017, the number of people globally over the age of 65 grew from below 450 million to 601 million, an increase of 33%, according to estimates of Population Reference Bureau data. The rise in the size of aging populations can be attributed to the increased life expectancy rates in developed and developing countries following the developments in the healthcare industries. The susceptibility of gastrointestinal or digestive problems and increase in the incidences of cardiovascular diseases with age made the aging populations a major consumer segment of the portable ultrasound devices market. The increased need for healthcare services and growing healthcare expenditures are also expected to drive the adoption of mobile ultrasound devices to reduce costs and provide quality services.

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Portable Ultrasound Devices Market Segmentation:
The Portable ultrasound devices market is segmented by type of device, by end-use application, and by geography.
Segmentation by Type of Device The Portable ultrasound devices market can be segmented by type of device into
a) Mobile Ultrasound Devices
b) Handheld Ultrasound Devices
Handheld ultrasound devices had the highest growth rate of 29.9% during the historic period. The growth in the historic period can be attributed to the demand for handheld ultrasound devices used in abdominal, pelvic, fetal, peripheral vessel and cardiac imaging.

Segmentation by Type of End-Use Application The portable ultrasound devices market can be segmented by end-use application into
a) Cardiovascular
b) Obstetrics / Gynecology
c) Gastro
d) Musculoskeletal
e) Point of Care / Others
Point of Care / Others segment had the highest growth rate of 23.2% during the historic period. The growth in the historic period can be attributed to the increased applications of portable ultrasound devices used in dermatology, critical care medicine, anesthesia and ophthalmology.

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Segmentation by Geography The portable ultrasound devices market can be segmented by geography into
a) Americas
b) Europe
c) Asia-Pacific
d) MEA
The Americas was the largest region in the global portable ultrasound devices market accounting for almost 44.6% of the global market. It was followed by Europe, Asia-Pacific and MEA. Going forward, Asia-Pacific, and Europe will be the fastest growing regions in this market.

Some of the major key players involved in portable ultrasound devices market are
• General Electric Company
• Koninklijke Philips N.V.
• Siemens Healthineers
• Canon Inc.
• FUJIFILM – SonoSite

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